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Mortgage Release Qtr 1

Mortgage Release Qtr 1

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Published by jbulog

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Published by: jbulog on Jul 01, 2009
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05/25/2012

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OCC and OTS Mortgage Metrics Report
Disclosure of National Bank and Federal Thrift Mortgage Loan Data
First Quarter 2009
Office of the Comptroller of the CurrencyOffice of Thrift SupervisionWashington, D.C.June 2009
 
OCC and OTS Mortgage Metrics Report, First Quarter 2009
Contents
Executive Summary..................................................................................................... 4
About Mortgage Metrics............................................................................................... 9
New in this Report ..................................................................................................... 10
Definitions and Methods ............................................................................................ 10
PART I: Mortgage Performance...............................................................................................13
Overall Mortgage Portfolio ......................................................................................... 13
Overall Mortgage Performance.................................................................................. 14
Performance of Government-Guaranteed Mortgages................................................ 15
Performance of GSE Mortgages................................................................................ 16
Seriously Delinquent Mortgages, by Risk Category................................................... 17
Mortgages 30-59 Days Delinquent, by Risk Category ............................................... 18
PART II: Home Retention Actions ...........................................................................................19
A. Loan Modifications and Payment Plans............................................................................19
Newly Initiated Home Retention Actions....................................................................19
Newly Initiated Home Retention Actions Relative to Newly Initiated Foreclosures .... 20
Types of Modifications...............................................................................................21
Types of Modifications, by Risk Category..................................................................22
Types of Modifications, by Investor............................................................................ 23
Changes to Monthly Payments Due to Modification .................................................. 24
Changes to Monthly Payments Due to Modifications, by Quarter.............................. 25
B. Modified Loan Performance...............................................................................................26
Status of Modified Loans ........................................................................................... 26
Re-Default Rates of Modified Loans: 60 or More Days Delinquent........................... 27
Re-Default Rates of Modified Loans: 30 or More Days Delinquent........................... 28
Re-Default Rates of Modified Loans: 90 or More Days Delinquent........................... 29
Re-Default Rate, by Investor (60 or More Days Delinquent)...................................... 30
C. Modified Loan Performance, by Change in Monthly Payments......................................31
Modified Loans 60 or More Days Delinquent, by Changes to Monthly Payments:
Re-Default Rate at Three, Six, Nine, and 12 Months after Modification..................... 32
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OCC and OTS Mortgage Metrics Report, First Quarter 2009
Modified Loans Delinquent after Six Months, by Changes to Monthly Payments:
Re-Default Rates Using Varying Definitions .............................................................. 33
Part III: Home Forfeiture Actions: Foreclosures, Short Sales, and
Deed-in-Lieu-of-Foreclosure Actions......................................................................................34
Completed Foreclosures and Other Home Forfeiture Actions ................................... 34
Newly Initiated Foreclosures...................................................................................... 35
Foreclosures in Process ............................................................................................ 36
Completed Foreclosures............................................................................................ 37
Home Retention Actions Relative to Forfeiture Actions, by Risk Category ................ 38
Appendixes................................................................................................................................39
Appendix A—New Loan Modifications.......................................................................39
Appendix B—New Payment Plans............................................................................. 40
Appendix C—Breakdown of Individual and Combined Modification Actions.............. 41
Appendix D—Short Sales and Deed-in-Lieu-of-Foreclosure Actions......................... 42
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